After I stopped getting paid, here is some food for thought...

[joker_josue]

I wonder if a physical Bitcoins could be considered "art". You don't pay tax on unrealized gains on art, as long as you have it because you like the art (and not for the investment). If that works on a €100M painting, shouldn't it work on a physical Bitcoin?

If it's sealed and you don't know its private key, you only have a physical asset that gives you access to a digital asset, but you don't yet possess the digital asset itself.

If you have a winning scratch-off ticket but never scratch it, you never receive the prize even though technically it's yours. 

[LoyceV]

Kudos to you for trying to be lawful, but it's something that's personally not in my priorities to declare any earnings from signature campaigns. Right now, it seems too much of a hassle to declare it as income for something that's firstly, not permanent (what is honestly though?) and secondly, not a "solid" job, it's a hobby, a part-time hassle that also gets you paid. Some treat is as a job, but that's a different story. Perhaps (and very likely) I'll have to go through it some time in the future, where I'll have to convert to fiat and withdraw, but till then, I prefer to keep a low profile.

You've been her longer than me. How are you going to answer the questions your bank will ask when you receive a large sum of money after selling your signature earnings from years ago? That's why I'm being lawful, it's basically a get out of jail free card for later.

If you have a winning scratch-off ticket but never scratch it, you never receive the prize even though technically it's yours. 

That's not going to work, there have been lawsuits about this, taxes won. Someone won 20 million on December 31, and received the money on January 4. He had to pay savings tax on money he didn't own yet.

[CryptoHeadlineNews]

I wonder if a physical Bitcoins could be considered "art". You don't pay tax on unrealized gains on art, as long as you have it because you like the art (and not for the investment). If that works on a €100M painting, shouldn't it work on a physical Bitcoin?

It depends on what shape Bitcoin will be trying to imitate physically, because if it is trying to imitate the form of a drawing, painting or craft, then it's qualified to be regarded as an art. But in a nutshell, if it tries to imitate the shape and form of a random object like book, pen or possibly hard drive, then such can't be regarded as an art. Because the truth of the fact is that what makes a piece of art more valuable is simply because of the environment the art finds itself, and what the people thinks the art represents. Because an art that worth €100M in Europe Auction sales might get to Africa, and people who doesn't know what it stands for or represent might price it at less than $1000, simply because they don't know it's original worth. And when it comes to the case of Bitcoin, it's worth it different, simply because it's current price value is tagged to it, and no matter where you go in the entire world, it can still be sold at it's exact price value. Hence, if I'm to choose between an artwork worth €100M and Bitcoin worth €1M, I will definitely go for the €1M in Bitcoin, reason been that it can easily be traded anywhere around the world at the same value. Unlike the €100M art that it will be very hard to see someone willing to buy it at it's exact same value anywhere around the world.

[Ultegra134]

You've been her longer than me. How are you going to answer the questions your bank will ask when you receive a large sum of money after selling your signature earnings from years ago? That's why I'm being lawful, it's basically a get out of jail free card for later.

I don't know where you're from, but if it wasn't a pain in the ass here and such a lengthy process, perhaps I would consider declaring them as well. The current legislation makes it unprofitable to earn an X sum of money through campaigns, just to spend a Y fixed amount on taxes every month. I haven't considered how I'm going to move my funds when the time comes, but I remember I had asked for suggestions a while ago in the forum and maybe I'll be able to pull it off with P2P transactions in person perhaps.

[Pmalek]

As if the 2% over total investments per year we pay already isn't enough! Government wants more and more money.
"The poor" get money from government, "the rich" don't have taxable income nor taxable wealth, and this will make sure middle class will not own anything in the long run.
Imagine Bitcoin going up 400% in a year. That means paying 36% tax on 80% of your Bitcoin, basically forcing you to sell 28.8% just to pay your tax for just that year.

Are boating accidents with bitcoin a common thing in the Netherlands? If they aren't, they should be. I hope more and more Dutch bitcoin holders will have boating accidents. The government deserves it. After all, why don't they use the taxpayer money to better protect their coastline on the North Sea against such accidents? it's dangerous to take your crypto out on the boat.

[LoyceV]

Are boating accidents with bitcoin a common thing in the Netherlands? If they aren't, they should be. I hope more and more Dutch bitcoin holders will have boating accidents. The government deserves it.

I didn't pay taxes for all those years just so I can't use my money when I want to

After all, why don't they use the taxpayer money to better protect their coastline on the North Sea against such accidents?

I'd like to give a serious answer to this rhetorical question: that's because the KNRM relies on donations and volunteers to rescue thousands of people per year. Unfortunately they don't accept Bitcoin donations.

[KingsDen]

...but I remember I had asked for suggestions a while ago in the forum and maybe I'll be able to pull it off with P2P transactions in person perhaps.

If there's a way to go about it with offline P2P or whatever, why not use the address of a trusted person outside of your country to enroll in signature campaign. When it's time to sell off, you do it with the said P2P. I don't know if it's making sense. But it will be wise to have someone from another country receiving and keeping your campaign pays while you await the tax rule changes or find an alternative.

[joker_josue]

If you have a winning scratch-off ticket but never scratch it, you never receive the prize even though technically it's yours.  

That's not going to work, there have been lawsuits about this, taxes won. Someone won 20 million on December 31, and received the money on January 4. He had to pay savings tax on money he didn't own yet.

But this case is correct. The player received the money.
If he never reports the ticket, even though he won, he will never receive the money.

Either way, I think you understood the idea I wanted to convey.  

[LoyceV]

But this case is correct. The player received the money.
If he never reports the ticket, even though he won, he will never receive the money.

It's more fun than that: if you own a winning lottery ticket on December 31st, and your house including the ticket burns down from fireworks right after midnight, you still owe taxes. So you'd better plan your boating accident carefully